Four accused of credit card fraud

By Jane Chen | March 15, 2010, Monday |

Online Edition

SONGJIANG District police have caught four people accused of illegally taking 30 million yuan (US$4.4 million) in cash from credit cards.

This is the first Shanghai case since the Supreme Court ruled it a crime last December to take more than 1 million yuan cash from credit cards, according to today's Oriental Morning Post.

The foursome advertised online last year that they provided a cash-out service for people with credit cards who needed money, police said.

They took 1 percent of the money as commission, and set up POS terminals to process the credit card numbers, police allege.

One of their first victims was a Songjiang resident surnamed Li, and over a year they cashed out more than 30 million yuan from credit card numbers, allegedly making a profit of 200,000 yuan.

Metro

About Us
|
Terms of Use
|
RSS
|
Privacy Policy
|
Contact Us
|
Shanghai Call Center: 962288
|
Tip-off hotline: 52920043

沪ICP证：沪ICP备05050403号-1
|
互联网新闻信息服务许可证：31120180004
|
网络视听许可证：0909346
|
广播电视节目制作许可证：沪字第354号
|
增值电信业务经营许可证：沪B2-20120012

Four accused of credit card fraud

Email this to your friend